image source

McAfee predicts Bitcoin raising Beyond $15,000 in June

Check out his tweet and his analysis below

According to McAfee, the “Korea deal is done and Trump will sign the documents in Singapore on 12 June . The various noises being made are propaganda for domestic consumption,” he notes. After Singapore, the software businessman expects a visit by the US President to Japan, where “talks on creating a gold backed US currency will commence.”
Bitcoin (BTC) will surpass $15,000 in June, but will dip in July, McAfee predicts. His post also features several altcoins like golem, docademic, bezop, bitcoin private, and EOS. McAfee, who is a known supporter of cryptocurrencies and their adoption, has previously stated that the price of bitcoin will reach $1 million per coin by the end of 2020.

news source

Report has shown that Bitcoin will settle at $5700 before recovery.

IF YOU TRADE ON CRYPTOCURRENCY THESE ARE THINGS YOU NEED TO KNOW AT THIS POINT

Today we are going to discuss about risk management in cryptotrading.

It is obvious that sentiment can obscure judgement when buying or selling in coins

If u don't control your emotions you will sell off at a loss.

Controlling your emotions is very important, because even when you are a Pro if left unchecked will cause problems and losses.

To keep losses checked you should always have a plan, do not enter the market without plan, else the market will execute it's own plans on you.

What are the necessary criteria to include

1. When to buy
2. How to buy and how much coins to buy
3. When to sell
4. How much you should sell

1.As good trader who wants to make gain, you should enter the market in the dip.
Remember you mustn't buy at the most dip.
For example coin "A" is down by 100%, then you entered the market and bought when it is 80%. Bravo you still bought at a good price

2.You decide which market to buy from, and Quantity of coins to acquire.
For example you have a total of $1000 for trading and you want to buy BCH, you can allocate half of it, or 75% of your fund.

3.When to sell
In your plan you should fix sell target. Once your target is reached you sell off, even if the price may go up higher, it is recommended u stick to your target .

4.How much should you sell

While selling you may decide to sell 50% or 75% or 100% as u chose

When selling or buying, you can decide to sell half of the coins at a point and watch for price movements, and if goes in your favor again then you may decide to sell or buy as the case may be.

You should note down your buy price as you will use this to calculate the selling price

Use the formula below to calculate the selling of a given coin .
1+percentage profit(buy price)

Let's assume you want to sell a coin when it has appreciated or risen up by 5% and I bought the coin @1000sat.

Then it goes this way.
1+0.05*(1000)
Then my selling price would be 1050sat.

If I place a sell order at 1050sat, when the trade executes then I would have made 5% profit

So apply it to other percentage profits at which you want to sell.

Nothing on earth is certain, so do not invest all your money.

Do not forget to vote @aggroed as a witness

Still @theheralds the steemsoccer1 man bringing football news to your door step through blockchain

For SBD/STEEM exchange to naira join theheralds exchange on telegram
twitter.com/steemsoccer1
Join our discord for our weekly match predictionCLICK
Banner designed by @sparklez